Systematic Monetary Administration LP lifted its holdings in shares of Methode Electronics, Inc. (NYSE:MEI – Get Score) by 5.3% within the third quarter, based on its most up-to-date submitting with the SEC. The agency owned 560,196 shares of the electronics maker’s inventory after buying a further 28,166 shares through the interval. Systematic Monetary Administration LP owned roughly 1.53% of Methode Electronics value $20,811,000 as of its most up-to-date submitting with the SEC.
Various different hedge funds and different institutional buyers additionally lately made modifications to their positions within the enterprise. Vanguard Group Inc. lifted its holdings in shares of Methode Electronics by 0.7% through the 1st quarter. Vanguard Group Inc. now owns 4,045,253 shares of the electronics maker’s inventory value $174,958,000 after buying a further 28,137 shares through the interval. Massachusetts Monetary Companies Co. MA elevated its place in shares of Methode Electronics by 4.2% through the third quarter. Massachusetts Monetary Companies Co. MA now owns 2,332,876 shares of the electronics maker’s inventory value $86,666,000 after buying a further 93,727 shares within the final quarter. Dimensional Fund Advisors LP elevated its place in shares of Methode Electronics by 5.7% through the third quarter. Dimensional Fund Advisors LP now owns 2,173,096 shares of the electronics maker’s inventory value $80,732,000 after buying a further 116,978 shares within the final quarter. FMR LLC elevated its place in shares of Methode Electronics by 6.7% through the 2nd quarter. FMR LLC now owns 2,092,505 shares of the electronics maker’s inventory value $77,507,000 after buying a further 131,474 shares within the final quarter. Lastly, State Avenue Corp elevated its place in shares of Methode Electronics by 1.4% through the 2nd quarter. State Avenue Corp now owns 1,364,306 shares of the electronics maker’s inventory value $50,534,000 after buying a further 18,277 shares within the final quarter. 95.93% of the inventory is owned by institutional buyers.
Methode Electronics Value Efficiency
MEI traded down $0.57 throughout noon buying and selling on Friday, hitting $48.45. The corporate had a buying and selling quantity of 23,325 shares, in comparison with its common quantity of 102,366. The corporate has a debt-to-equity ratio of 0.21, a fast ratio of two.28 and a present ratio of three.09. The corporate has a market capitalization of $1.75 billion, a PE ratio of 19.30 and a beta of 1.14. Methode Electronics, Inc. has a twelve month low of $33.91 and a twelve month excessive of $51.38. The agency’s 50-day easy shifting common is $46.94 and its 200-day easy shifting common is $43.31.
Methode Electronics (NYSE:MEI – Get Score) final posted its quarterly earnings knowledge on Thursday, December 1st. The electronics maker reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.10. The agency had income of $315.90 million through the quarter, in comparison with analysts’ expectations of $295.00 million. Methode Electronics had a web margin of 8.03% and a return on fairness of 10.46%. Equities analysis analysts predict that Methode Electronics, Inc. will publish 2.74 EPS for the present fiscal 12 months.
Methode Electronics Dividend Announcement
The agency additionally lately declared a quarterly dividend, which was paid on Friday, January twenty seventh. Stockholders of document on Friday, January thirteenth got a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Thursday, January twelfth. Methode Electronics’s dividend payout ratio is 22.05%.
Insider Transactions at Methode Electronics
In different information, Director Brian J. Cadwallader offered 2,200 shares of Methode Electronics inventory in a transaction that occurred on Thursday, December eighth. The shares have been offered at a median worth of $46.80, for a complete transaction of $102,960.00. Following the completion of the sale, the director now owns 6,800 shares within the firm, valued at roughly $318,240. The sale was disclosed in a submitting with the SEC, which will be accessed by this hyperlink. In associated information, Director Brian J. Cadwallader offered 2,200 shares of Methode Electronics inventory in a transaction that occurred on Thursday, December eighth. The shares have been offered at a median worth of $46.80, for a complete transaction of $102,960.00. Following the transaction, the director now owns 6,800 shares of the corporate’s inventory, valued at roughly $318,240. The transaction was disclosed in a authorized submitting with the Securities & Change Fee, which will be accessed by this hyperlink. Additionally, Director Walter J. Aspatore offered 9,000 shares of Methode Electronics inventory in a transaction that occurred on Tuesday, December sixth. The inventory was offered at a median worth of $48.67, for a complete transaction of $438,030.00. Following the transaction, the director now straight owns 18,000 shares within the firm, valued at roughly $876,060. The disclosure for this sale will be discovered right here. Insiders offered a complete of 48,196 shares of firm inventory value $2,286,091 within the final quarter. 4.50% of the inventory is owned by firm insiders.
Analyst Upgrades and Downgrades
Individually, Jefferies Monetary Group began protection on shares of Methode Electronics in a analysis report on Tuesday, November twenty second. They set a “purchase” ranking and a $52.00 goal worth for the corporate.
About Methode Electronics
Methode Electronics, Inc engages within the manufacture of part and subsystem units. It operates by the next segments: Automotive, Interface, Industrial, and Medical. The Automotive phase provides digital and electromechanical units, and associated merchandise to vehicle authentic tools producers.
See Additionally
Wish to see what different hedge funds are holding MEI? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for Methode Electronics, Inc. (NYSE:MEI – Get Score).
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